(Locked) Soo... Bitcoins?

Zeplix said
What I always find fun, in conversations where some people talk about disliking that the government takes part of your money, is that they every day enjoy the benefits of having a well functioning government

yes, people hate when the government takes they’re money when they should hate what the government actually do with those taxes. Instead of: “Oh, my god they take my money” they should be like: “Oh my god they use 1% for the people and the rest is stolen, used to make war in other countries, sustain private companies and the like”

The Federal Reserve Bank is a (special) “private owned” institution. i said special, because it can’t be compared with the normal private companies that we are familiar with.

The simple problem of our times is that people believe what some newspaper, book, school manual or other people say about something without looking at the actual facts. Those source of information may be biased, wrong or they are just repeating what other wrong source say. It is very hard indeed, and time consuming, to actually read and decipher legal documents and regulation, documents who were made on purpose very obscure from the beginning. Sometimes those documents are not even available to the public.

I am confused or should I say, not satisfied. People say it is untrackable but then it is said that everyone knows who the current owner of each bitcoin is. How come this is untrackable? It is open source so can’t you add codes to keep track of all that transactions?

KurtBilisim said
I am confused or should I say, not satisfied. People say it is untrackable but then it is said that everyone knows who the current owner of each bitcoin is. How come this is untrackable? It is open source so can’t you add codes to keep track of all that transactions?

Well I understand that you can’t track “each coin on its own” but still, all transactions are kept, and all the ownerships has to be kept. Somehow, I find it hard to believe it is untrackable. I think if government really wants to track them, they should be able to. How does the system keep track of ownerships? Don’t they store some type of IP or MAC ID or something? There’s the term “wallet”, how do you claim some wallet to be yours? Can’t you detect the transactions concerning a certain wallet. I don’t see why government can’t knock on your door claiming tax. Anyway, I guess I’ll just wait and see how it turns out…